Sanchez Energy Announces Second Quarter 2018 Financial Results and Operations Update
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Sanchez Energy (SN) Reports Q2 Loss of $0.71, Revenues Beat
August 7, 2018 6:08 AM EDTSanchez Energy (NYSE: SN) reported Q2 EPS of ($0.71), versus $0.07 reported last year. Revenue for the quarter came in at $259.31 million versus the consensus estimate of $248.51 million.
The second quarter 2018 was a challenging operational quarter at Comanche, as we continued to see higher than projected production declines from wells brought on-line during the second half of 2017 and early 2018, said Tony Sanchez, III, Chief Executive Officer of Sanchez Energy. As discussed last quarter, the key issues leading to these decline rates include: (1) poor Upper Eagle Ford well performance in several of the delineation and step-out areas,... More
